I explained the Pragmatic Maxim to Susan this morning. I explained how Pragmatism provides an alternative to correspondence epistemologies. The meaning of any assertion or belief is the sum total of practical consequences of its being the case — the Golden Therefore — or as William James so crassly and Americanly put it, the pragmatic “cash value” of that truth. She thought for a second and asked whether for each assertion there was also a set of practical consequences left unconsidered.

She called it the Pragmatic Opportunity Cost.

Dang.